WINTON GROUP Ltd Sells 696 Shares of Accenture plc (NYSE:ACN)

WINTON GROUP Ltd trimmed its position in Accenture plc (NYSE:ACN) by 17.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,221 shares of the information technology services provider’s stock after selling 696 shares during the quarter. WINTON GROUP Ltd’s holdings in Accenture were worth $977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. boosted its position in shares of Accenture by 8.2% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 357 shares of the information technology services provider’s stock valued at $125,000 after acquiring an additional 27 shares in the last quarter. IronBridge Private Wealth LLC boosted its holdings in Accenture by 2.3% during the fourth quarter. IronBridge Private Wealth LLC now owns 1,235 shares of the information technology services provider’s stock valued at $433,000 after purchasing an additional 28 shares in the last quarter. Kolinsky Wealth Management LLC raised its holdings in shares of Accenture by 1.0% in the 4th quarter. Kolinsky Wealth Management LLC now owns 2,888 shares of the information technology services provider’s stock worth $1,013,000 after buying an additional 30 shares in the last quarter. Walled Lake Planning & Wealth Management LLC lifted its position in shares of Accenture by 0.3% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 11,740 shares of the information technology services provider’s stock worth $4,120,000 after buying an additional 32 shares during the period. Finally, West Paces Advisors Inc. boosted its stake in Accenture by 10.2% in the 1st quarter. West Paces Advisors Inc. now owns 346 shares of the information technology services provider’s stock valued at $120,000 after buying an additional 32 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Accenture Stock Performance

Shares of Accenture stock opened at $354.12 on Tuesday. The firm has a fifty day moving average of $329.17 and a two-hundred day moving average of $322.90. The stock has a market capitalization of $221.92 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 3.82 and a beta of 1.24. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51.

Accenture (NYSE:ACN) last released its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). The company had revenue of $16.47 billion during the quarter, compared to analyst estimates of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.19 EPS. As a group, research analysts forecast that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th were issued a $1.29 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $5.16 annualized dividend and a yield of 1.46%. Accenture’s dividend payout ratio (DPR) is presently 47.25%.

Wall Street Analyst Weigh In

ACN has been the subject of a number of analyst reports. Mizuho cut their price objective on Accenture from $398.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Piper Sandler decreased their price objective on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research note on Monday, June 17th. Bank of America cut their target price on shares of Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. JPMorgan Chase & Co. raised their price target on Accenture from $330.00 to $376.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, Guggenheim reissued a “buy” rating and issued a $395.00 price objective on shares of Accenture in a research note on Friday, May 24th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $354.68.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 3,776 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $309.05, for a total value of $1,166,972.80. Following the completion of the sale, the chief executive officer now owns 11,819 shares in the company, valued at approximately $3,652,661.95. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Accenture news, General Counsel Joel Unruch sold 8,145 shares of Accenture stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $331.05, for a total value of $2,696,402.25. Following the transaction, the general counsel now owns 22,849 shares of the company’s stock, valued at $7,564,161.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 3,776 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $309.05, for a total transaction of $1,166,972.80. Following the completion of the transaction, the chief executive officer now directly owns 11,819 shares of the company’s stock, valued at $3,652,661.95. The disclosure for this sale can be found here. Insiders have sold a total of 21,421 shares of company stock valued at $6,912,635 over the last three months. 0.07% of the stock is currently owned by corporate insiders.

Accenture Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.